What is this event about?
Procurement professionals play a crucial role in optimizing costs, managing risks, and driving value within their organizations. However, navigating the complexities of financial concepts can be challenging. This 5-day masterclass equips procurement professionals with the essential financial knowledge and skills needed to succeed in their roles. Welcome to the 5-day masterclass on Financial Essentials for Procurement, designed to empower procurement professionals with the knowledge and skills needed to navigate the complex financial landscape. Understanding financial principles is crucial for effective decision-making and strategic procurement.
Through interactive sessions, case studies, and real-world simulations, you will:
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Master financial fundamentals: Gain a thorough understanding of key financial statements, cost accounting principles, and budgeting processes.
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Improve cost analysis: Develop the ability to analyze purchase orders, contracts, and invoices to identify savings opportunities and negotiate effectively.
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Manage risk wisely: Understand financial risks associated with procurement activities and implement strategies to mitigate them.
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Make informed decisions: Utilize financial data to support data-driven decision-making and optimize supplier selection, sourcing strategies, and contract terms.
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Collaborate effectively: Build strong relationships with finance teams and communicate financial information clearly to stakeholders.
Outcomes
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Speak the language of finance: Confidently interpret financial reports and discuss financial matters with colleagues and stakeholders.
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Identify and quantify cost savings: Analyze spending patterns, implement cost-reduction initiatives, and demonstrate their impact on the bottom line.
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Optimize budgets and resource allocation: Make informed budget decisions, negotiate advantageous terms with suppliers, and manage costs effectively within budget constraints.
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Mitigate financial risks: Identify and assess financial risks associated with procurement activities, and implement strategies to minimize their impact.
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Become a strategic business partner: Contribute to broader organizational goals by aligning procurement activities with financial objectives and driving sustainable value creation.
Early Bird Initiative
BOOK AND PAY BY 21 February 2024 and Qualify for this once in a lifetime
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Sky lunch
Programme Outline
MASTERCLASS
day 1
Improve visibility, Enhance Decision Making
MASTERCLASS
day 2
Uncover hidden value in your spending
MASTERCLASS
day 3
Procurement Power Play - Cost Crackdown
MASTERCLASS
DAY 4
Strategic Financial Planning for Procurement
What past delegates are saying...
Prof. Morne Mostert
The insights shared and the actionable strategies presented were instrumental in shaping our approach to bringing our research to market.
Prof. Ruth Hoskins
The summit provided a roadmap for navigating the complex landscape of turning our technology into a market-ready product.
Nancy Gleason
The sessions were thoughtfully curated, addressing critical challenges in R&D commercialization.
Pension Fund Interviews
Ahead of the COVID-19 crisis onset, local pension sectors had been growing rapidly
across the African region since the late 2000s. This summit unpacks how the COVID-19 crisis is impacting African pension fund approaches to portfolio management
AMC Business Institute Statistics
3 000+ delegates
1 500+ speakers
400+ events
20+ countries
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